Hubbell (NYSE:HUBB – Get Free Report) issued an update on its FY 2026 earnings guidance on Tuesday. The company provided EPS guidance of 20.250-20.550 for the period, compared to the consensus estimate of 19.980. The company issued revenue guidance of $6.8 billion-$6.9 billion, compared to the consensus revenue estimate of $6.6 billion.
Analysts Set New Price Targets
Several equities analysts recently issued reports on HUBB shares. Wall Street Zen upgraded shares of Hubbell from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Barclays increased their target price on shares of Hubbell from $481.00 to $503.00 and gave the company an “equal weight” rating in a research note on Monday, May 4th. Stephens boosted their price objective on shares of Hubbell from $550.00 to $600.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Weiss Ratings cut Hubbell from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, July 14th. Finally, UBS Group restated a “neutral” rating and set a $515.00 target price on shares of Hubbell in a research report on Tuesday, June 16th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, Hubbell has a consensus rating of “Moderate Buy” and an average price target of $554.38.
View Our Latest Analysis on Hubbell
Hubbell Stock Down 1.6%
Hubbell (NYSE:HUBB – Get Free Report) last posted its quarterly earnings results on Tuesday, July 28th. The industrial products company reported $5.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $5.39 by $0.13. Hubbell had a return on equity of 27.09% and a net margin of 15.10%.The business had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter last year, the business earned $4.93 earnings per share. The firm’s quarterly revenue was up 15.3% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 20.250-20.550 EPS. Equities research analysts predict that Hubbell will post 19.98 EPS for the current year.
Hubbell Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Monday, August 31st will be paid a dividend of $1.42 per share. This represents a $5.68 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date is Monday, August 31st. Hubbell’s dividend payout ratio is presently 33.55%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of HUBB. Wellington Management Group LLP grew its stake in Hubbell by 140.4% in the fourth quarter. Wellington Management Group LLP now owns 2,514,632 shares of the industrial products company’s stock valued at $1,116,773,000 after purchasing an additional 1,468,701 shares during the last quarter. State Street Corp lifted its stake in Hubbell by 1.8% during the fourth quarter. State Street Corp now owns 2,302,567 shares of the industrial products company’s stock valued at $1,022,593,000 after buying an additional 40,623 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in Hubbell by 5.2% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 1,214,236 shares of the industrial products company’s stock valued at $539,257,000 after buying an additional 60,071 shares during the period. Boston Partners increased its position in Hubbell by 30.7% in the 3rd quarter. Boston Partners now owns 736,469 shares of the industrial products company’s stock worth $316,521,000 after purchasing an additional 172,990 shares during the last quarter. Finally, Nuveen LLC boosted its position in Hubbell by 0.4% during the fourth quarter. Nuveen LLC now owns 640,182 shares of the industrial products company’s stock worth $284,311,000 after purchasing an additional 2,293 shares during the period. Hedge funds and other institutional investors own 88.16% of the company’s stock.
Hubbell Company Profile
Hubbell Incorporated (NYSE: HUBB) is an industrial manufacturer and distributor of electrical and electronic products serving a range of end markets including commercial and residential construction, industrial, and utility customers. Founded in 1888 by Harvey Hubbell, the company has a long history in electrical innovation and product development and is headquartered in Connecticut. Hubbell designs, manufactures and sells components and systems that enable the distribution and control of electrical power and provide lighting solutions for indoor and outdoor environments.
The company’s offerings span a broad portfolio of products used by contractors, utilities, original equipment manufacturers and facility owners.
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